ARTICLES ABOUT TECH MAHINDRA BY DATE - PAGE 3

MUMBAI: Shares of Tech Mahindra plunged as much as 15% on Wednesday — its biggest single-day fall on NSE since its listing in August 2008 — after several brokerages downgraded the stock and cut the earnings per shares estimate following company's worsethan-expected performance in the March quarter. India's fifth-largest IT services firm posted a 23% decline in its net profit to Rs 472 crore for the quarter ended March 31, impacted by cross-currency headwinds and rise in salary for staffers.

NEW DELHI: Tech Mahindra Ltd ended the day ?at Rs 549.35; down 14.24%, its biggest fall since February 2009, after the IT services firm posted a 23 per cent decline in its net profit to Rs 472 crore for the quarter ended March 31, impacted by cross-currency headwinds and salary hikes. The company had posted a net profit of Rs 614.21 crore in the corresponding quarter last fiscal year. The company's revenues, however, grew 20.9 per cent to Rs 6,116.79 crore in the reported quarter from Rs 5,058.11 crore in the January-March quarter of 2014.

MUMBAI: IT services firm Tech Mahindra has reported 4.5% sequential fall in its organic revenues for the quarter ended March due to fluctuating currencies and weak client demand. However, a slew of acquisitions that closed in the quarter helped its over all revenues grow 6.5% sequentially to $984 million (about Rs 6,250 crore). The country's fifth largest IT company reported profit after tax of $76 million (Rs 472 crore), for the fourth quarter, a 39% fall from the previous quarter.

JOHANNESBURG: About 100 students from South Africa will travel to Hyderabad next month to attend an inaugural training programme initiated by Tech Mahindra which will help them support the IT industry in the country. "The programme involves training of 100 students from the Free State Province at the Tech Mahindra Centre in Hyderabad for a period of six months to directly impact the employability of the participants and also help them support Government ICT (Information and Communication Technologies)

NEW DELHI: Shares of Tech Mahindra plunged as much as 2.83 per cent in intraday trade on Tuesday as the company is likely to report a subdued fourth quarter results. The Mahindra Group company is expected to report a fourth-quarter net profit of Rs 724 crore, down 10 per cent sequentially, according to an ET Now Poll. Tech Mahindra Ltd , which will detail its earnings for the March quarter on Tuesday, slipped nearly 5 per cent in trade on Monday on the BSE . Dollar revenue of the company is likely to grow sequentially by 7.6 per cent for the March quarter to $995 million from $924 million, the poll showed.

In a chat with ET Now, Ashwani Gujral , Fund Manager, Ashwanigujral.com, shares his view on Tech Mahindra. ET Now: What is your view on Tech Mahindra? Ashwani Gujral: Tech Mahindra is a 'BUY' call with a target of Rs 675 and a stop loss of Rs 642.

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com, shares his view on Tech Mahindra. ET Now: What is your view on Tech Mahindra? Ashwani Gujral: Tech Mahindra Ltd is a 'BUY' call with a target of Rs 645 and a stop loss of Rs 620.

NEW DELHI: IT solutions company Tech Mahindra has announced it will build an intelligent electric vehicle charging system (IEVCS) to assist in Ontario's clean energy plans. The project, sponsored by the ministry of energy and funded in part through the Ontario Smart Grid Fund initiative, will analyse the effects of electric vehicle charging on transformers by creating a real-time transformer monitoring and analytics solution, according to a company release. The key benefit of the solution is the ability to automatically manage charging between vehicles to ensure the transformers do not overload a result of electric vehicle (EV)

NEW DELHI: Tech Mahindra got a respite as the Supreme Court restrained a Hyderabad court from framing charges against the company over a moneylaundering case related to its acquisition of Satyam Computer Services. The top court on Monday asked the Andhra High Court to decide within four months on an appeal filed by the Enforcement Directorate against a single-judge bench's order against framing of charges against the company. A Supreme Court bench headed by Justice TS Thakur also sought response from the government on TechM's petition.

NEW DELHI: In a breather to Tech Mahindra, the Supreme Court today restrained for four months a trial court in Andhra Pradesh from framing charges against the IT services company in connection with Enforcement Directorate's proceedings in the Satyam accounting fraud case. The case pertains to ED's attachment of fixed deposit worth Rs 822 crore belonging to the company and cases have been registered for alleged money laundering and foreign exchange violation. A bench comprising Justices TS Thakur and R Banumathi asked the High Court at Hyderabad to expeditiously deal with the matter and dispose it of within the stipulated period.